BRUSSELS (Reuters) - The International Monetary Fund is sticking to its estimate that losses on U.S. assets from the subprime crisis and its wider fallout would be about $1 trillion despite fresh U.S. banking problems recently, a senior IMF official said...
You have enough to worry about without having to anticipate ending up as a scapegoat for the problems of non-IT groups involved in the same project. Yet they are out there and could be sharpening their fingers, readying to point. This paper illustrates how the relationship can go wrong, how...
When your bank is on the subordinate end of a merger, it can be a humbling and painful experience in many ways. Systems can collapse, deposits can disappear and credit can be zapped. You could immediately look for a new bank, accept the change and do nothing, or keep your...
With companies both large and small looking to control costs, employee benefits consulting firms are staying busy these days designing new benefits packages. More than ever, the bottom line reigns supreme, particularly in light of the recession, the Sept. 11 attacks and fallout from the Enron Corp. debacle. The needs...
With rolling blackouts guaranteed as summer heat increases electricity demand over available supply, Californians are right to wonder how the state got into this mess and what will be the fallout of this government-created debacle. This briefing examines the causes of the disaster, Governor Gray Davis's policy responses, the political...
The former uptrend was confirmed and reinforced by the bullish price action in equities that followed the Federal Reserve's decision to cut both the Discount and Federal Funds rate by 50 basis points at its September meeting& which the Fed did to ease credit and liquidity concerns that originated with...
With fewer than half of employees expressing confidence in senior management, no company has been left untouched by the fallout from recent turmoil in the business environment. By assessing just how far trust levels have fallen at their specific organizations, companies can gain insight into the depth of the problem...
Money Morning submits: By Mike Caggeso Citigroup Inc. C - the U.S. financial titan still reeling from the subprime fallout - was the target of another downgrade, as Goldman Sachs Group Inc. analyst William Tanona said the bank may suffer $8.9 billion of second-quarter write-downs and be forced...
Disgrace at the L.A. Times, Courtesy of The Smoking GunRespondeat Superior, ButZell and a whole lot of people at the L. A. Times will no doubt suffer the fallout from this tragedy; the entire product line is damaged and will cause further loss of revenue. No profit, no business,...
From the executive summary: ‘Experts suggest that the risks for law-abiding companies in recent years have also climbed. According to tax experts, even companies that scrupulously adhere to the tax code are now more likely to face government scrutiny. As regulators cast a bigger net, they will inevitably haul in...
Since the early 1990s, when companies began to question how to leverage one of their biggest assets - employees - Knowledge Management KM has developed from a theory preached by management consultants into a formalized discipline taught in university and practiced by thousands of companies worldwide. It has many definitions....
The fallout from the Enron and Worldcom scandals has been massive and far-reaching. Apart from the jail terms handed down to senior executives involved in the accounting cover-ups, public companies' accounts have been put under the spotlight like never before. The tough measures have created new standards for accountability, and...
With the potential to open a new company with only a few dollars, web hosting is considered the ultimate start-up business, allowing very small hosts to rub shoulders with large, established IT companies. Despite dot-com fallout on the tails of overly optimistic forecasts, the web hosting industry continues to grow....
Companies keep driving into the same traps in the budgeting process. The fallout can be serious in boom times, in the current economic climate, foibles can take an organization so far off course that it never gets back into the game. The article provides the most common traps from...
This article is about the heightened scrutiny which is dictated by the federal Sarbanes-Oxley Act, passed in July as part of the fallout of financial scandals at Enron Corp. and WorldCom Inc. Under the act, the chief executive officer and chief financial officer must personally certify that all financial statements...
The year 2003 was marked by international events that brought little respite to an industry endeavoring to find equilibrium since the events of the previous two years. Prices reached 20-year highs for oil and natural gas. Record nominal prices would follow geopolitical instability in Venezuela and Nigeria and conflict in...
Workers’ compensation rates are increasing, and that trend is likely to continue—based on indicators such as high insurer losses and rising medical costs. For employers, the financial fallout from safety risks can be significant. In addition to workers’ comp costs, the federal Occupational Safety and Health Administration OSHA can levy...
From the executive summary: ‘Job burnout is one of the problems many people have probably experienced to some extent, but most are not willing to acknowledge. Most people like to think of themselves as invincible, able to take whatever stressors come their way. Unfortunately, they typically do not let themselves...
